EU:
Possible counter trend SonicR long setup. We have SR 45+ pips above EP zone, and TL a bit higher than that, coming down with time. So, there could be a pullback in the overall M15 downtrend that takes PA back up above the upper half number.
I am waiting for price to drop to around the lower whole number for a long entry, very light.
Edit: Add H1 chart mirroring M15 Dragon, Trend Line and 200 sma line (green). This is pure speculation. PA may be pumped before more downside. There high and medium impact USD releases coming, so PA might be pumped leading into those releases, and then the releases used as a trigger to drive PA right back down . But if PA is to be pumped in advance of the releases, the euro traders might first drop it a bit to load up on the long side for the pump up. The blue lines on the H1 chart depict this speculation.
Edit: Entry buy orders at 1.3500, 1.3494 and 1.3486 are filled. One at 1.3478 remains pending.
As always, let the market decide. Trade what you see (not what you expect).
Possible counter trend SonicR long setup. We have SR 45+ pips above EP zone, and TL a bit higher than that, coming down with time. So, there could be a pullback in the overall M15 downtrend that takes PA back up above the upper half number.
I am waiting for price to drop to around the lower whole number for a long entry, very light.
Edit: Add H1 chart mirroring M15 Dragon, Trend Line and 200 sma line (green). This is pure speculation. PA may be pumped before more downside. There high and medium impact USD releases coming, so PA might be pumped leading into those releases, and then the releases used as a trigger to drive PA right back down . But if PA is to be pumped in advance of the releases, the euro traders might first drop it a bit to load up on the long side for the pump up. The blue lines on the H1 chart depict this speculation.
Edit: Entry buy orders at 1.3500, 1.3494 and 1.3486 are filled. One at 1.3478 remains pending.
As always, let the market decide. Trade what you see (not what you expect).